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Business Segments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Condensed Income Statement      
Net interest income (taxable-equivalent basis) $ 17,527 $ 14,846  
Noninterest income 10,617 9,456 $ 10,227
Total net revenue 28,144 24,302  
Noninterest Expense 18,873 14,906 13,728
Income (loss) before provision and income taxes 9,271 9,396  
Provision for credit losses 2,275 1,977 (1,173)
Income (loss) before income taxes 6,996 7,419  
Income taxes and taxable-equivalent adjustment 1,538 1,581  
Net income (loss) 5,458 5,838 7,985
Net (income) loss attributable to noncontrolling interests (29) (13) (22)
Net income (loss) attributable to U.S. Bancorp 5,429 5,825 $ 7,963
Average Balance Sheet      
Loans 381,275 333,573  
Other earning assets 223,924 211,770  
Goodwill 12,475 10,189  
Other intangible assets 6,639 4,577  
Assets 663,440 592,149  
Noninterest-bearing deposits 107,768 120,394  
Interest-bearing deposits 397,895 341,990  
Total deposits 505,663 462,384  
Total U.S. Bancorp shareholders’ equity 53,660 50,416  
Wealth, Corporate, Commercial and Institutional Banking      
Condensed Income Statement      
Net interest income (taxable-equivalent basis) 6,129 5,213  
Noninterest income 4,143 3,561  
Total net revenue 10,272 8,774  
Noninterest Expense 5,183 4,135  
Income (loss) before provision and income taxes 5,089 4,639  
Provision for credit losses 334 154  
Income (loss) before income taxes 4,755 4,485  
Income taxes and taxable-equivalent adjustment 1,190 1,122  
Net income (loss) 3,565 3,363  
Net (income) loss attributable to noncontrolling interests 0 0  
Net income (loss) attributable to U.S. Bancorp 3,565 3,363  
Average Balance Sheet      
Loans 175,780 150,512  
Other earning assets 6,615 4,771  
Goodwill 4,682 3,634  
Other intangible assets 1,007 365  
Assets 202,642 169,554  
Noninterest-bearing deposits 70,977 82,671  
Interest-bearing deposits 199,780 175,345  
Total deposits 270,757 258,016  
Total U.S. Bancorp shareholders’ equity 22,362 18,159  
Consumer and Business Banking      
Condensed Income Statement      
Net interest income (taxable-equivalent basis) 8,331 6,764  
Noninterest income 1,662 1,536  
Total net revenue 9,993 8,300  
Noninterest Expense 6,964 5,779  
Income (loss) before provision and income taxes 3,029 2,521  
Provision for credit losses 79 75  
Income (loss) before income taxes 2,950 2,446  
Income taxes and taxable-equivalent adjustment 738 612  
Net income (loss) 2,212 1,834  
Net (income) loss attributable to noncontrolling interests 0 0  
Net income (loss) attributable to U.S. Bancorp 2,212 1,834  
Average Balance Sheet      
Loans 161,862 144,441  
Other earning assets 2,388 3,117  
Goodwill 4,466 3,250  
Other intangible assets 5,265 3,784  
Assets 179,103 160,174  
Noninterest-bearing deposits 31,082 31,719  
Interest-bearing deposits 189,148 163,190  
Total deposits 220,230 194,909  
Total U.S. Bancorp shareholders’ equity 16,016 12,678  
Payment Services      
Condensed Income Statement      
Net interest income (taxable-equivalent basis) 2,702 2,504  
Noninterest income 4,056 3,794  
Total net revenue 6,758 6,298  
Noninterest Expense 3,772 3,525  
Income (loss) before provision and income taxes 2,986 2,773  
Provision for credit losses 1,394 980  
Income (loss) before income taxes 1,592 1,793  
Income taxes and taxable-equivalent adjustment 398 449  
Net income (loss) 1,194 1,344  
Net (income) loss attributable to noncontrolling interests 0 0  
Net income (loss) attributable to U.S. Bancorp 1,194 1,344  
Average Balance Sheet      
Loans 38,471 34,627  
Other earning assets 97 634  
Goodwill 3,327 3,305  
Other intangible assets 350 423  
Assets 44,292 41,072  
Noninterest-bearing deposits 2,981 3,410  
Interest-bearing deposits 103 162  
Total deposits 3,084 3,572  
Total U.S. Bancorp shareholders’ equity 9,310 8,233  
Rewards and rebate costs and certain partner payments 3,000 2,900  
Revenue generated from certain contracts with customers 8,800 8,000  
Treasury and Corporate Support      
Condensed Income Statement      
Net interest income (taxable-equivalent basis) 365 365  
Noninterest income 756 565  
Total net revenue 1,121 930  
Noninterest Expense 2,954 1,467  
Income (loss) before provision and income taxes (1,833) (537)  
Provision for credit losses 468 768  
Income (loss) before income taxes (2,301) (1,305)  
Income taxes and taxable-equivalent adjustment (788) (602)  
Net income (loss) (1,513) (703)  
Net (income) loss attributable to noncontrolling interests (29) (13)  
Net income (loss) attributable to U.S. Bancorp (1,542) (716)  
Average Balance Sheet      
Loans 5,162 3,993  
Other earning assets 214,824 203,248  
Goodwill 0 0  
Other intangible assets 17 5  
Assets 237,403 221,349  
Noninterest-bearing deposits 2,728 2,594  
Interest-bearing deposits 8,864 3,293  
Total deposits 11,592 5,887  
Total U.S. Bancorp shareholders’ equity $ 5,972 $ 11,346